Dalradian Resources Inc. Dalradian Announces Director Dealing And Option Exercise

 
TIDMDALR 
 
 
   TORONTO, ONTARIO -- (Marketwired - January 4, 2017) - Dalradian 
Resources Inc. (TSX: DNA/AIM: DALR) ("Dalradian" or the "Company") 
announces that 300,000 restricted share units ("RSUs") held by Patrick 
F. N. Anderson and 300,000 RSUs held by Keith McKay matured on 29 
December 2016. Mr. Anderson and Mr. McKay have each been allotted 
300,000 common shares of no par value ("Common Shares") for nil 
consideration. Mr. Anderson now holds 4,216,361 Common Shares and 
481,000 RSUs, representing 1.73% of the issued share capital of the 
Company. Mr. McKay now holds 623,500 Common Shares and 176,000 RSUs, 
representing 0.26% of the issued share capital of the Company. 
 
   In order to receive these shares, Messrs. Anderson and McKay each 
remitted to the Company $182,239 to cover the taxes associated with 
these grants to prevent the necessity to sell shares. 
 
   The Company also announces that a total of 90,000 common shares of no 
par value (the "Stock Options") were issued following an exercise of 
options by an employee on 16 December 2016 at an exercise price of 
C$0.67. 
 
   Further to the RSUs maturing and the exercise of options, application 
has been made for 690,000 Common Shares, which rank pari passu with the 
existing Common Shares in issue, to be admitted to trading on AIM and 
admission is expected to occur at 8:00am on or around 10 January 2017 
(the "Admission"). 
 
   Following the Admission, the Company will have in issue 243,324,776 
Common Shares. This figure may be used by shareholders as the 
denominator for the calculations by which they will determine if they 
are required to notify their interest in, or change to their interest in, 
the Company under the Financial Conduct Authority's Disclosure and 
Transparency Rules. 
 
   About Dalradian Resources Inc. 
 
   Dalradian Resources Inc. is a gold exploration and development company 
that is focused on advancing its high-grade Curraghinalt Gold Project 
located in Northern Ireland, United Kingdom. The Company is completing a 
work program in support of a planning (permitting) application for 
construction of an operating mine at Curraghinalt. Completed components 
of the program include a feasibility study and underground exploration 
(960 metres of development with associated test stoping). An 
environmental and social impact assessment, which is nearing completion, 
will also form part of the planning application. 
 
   In May 2016, Dalradian announced an updated Mineral Resource estimate 
for Curraghinalt, including a 109% increase in gold ounces contained in 
the Measured and Indicated categories compared with the 2014 resource. 
The current Mineral Resource consists of 2.1 million ounces of contained 
gold in the Measured and Indicated categories (5.61 million tonnes at 
11.61 g/t) and 2.3 million ounces of contained gold in the Inferred 
category (7.13 million tonnes at 10.06 g/t gold). For further 
information, see the 2016 Technical Report. 
 
   For more information: 
 
   Marla Gale 
 
   Vice President Communications 
 
   [phone] 
 
   [e-mail] 
 
   Grant Thornton UK LLP (Nominated Adviser) 
 
   Philip Secrett / Richard Tonthat / Harrison Clarke 
 
   [phone] 
 
   Canaccord Genuity Limited (Broker) 
 
   Henry Fitzgerald-O'Connor / Martin Davison 
 
   [phone] 
 
   DEALING NOTIFICATION FORM 
 
   FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR 
CLOSELY ASSOCIATED PERSONS 
 
 
 
 
1.  Details of the person discharging managerial responsibilities/person 
     closely associated 
a)  Name:                                                          Patrick F. N. Anderson 
2.  Reason for the notification 
a)  Position/status:                                               President and CEO 
b)  Initial notification/Amendment:                                Initial Notification 
3.  Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
a)  Name:                                                          Dalradian Resources Inc. 
b)  LEI:                                                           N/A 
4.  Details of the transaction(s): section to be repeated 
     for (i) each type of instrument; (ii) each type of 
     transaction; (iii) each date; and (iv) each place 
     where transactions have been conducted 
a)  Description of the financial instrument, type of instrument    Common Shares of no par value 
     Identification Code                                            ISIN: CA2354991002 
b)  Nature of the transaction                                      Maturing restricted share units 
c)  Price(s) and volume                                            300,000 restricted share units redeemed as common 
                                                                    shares for nil cost. 
d)  Aggregated information                                          N/A 
e)  Date of the transaction                                        29 December 2016 
f)  Place of the transaction                                       Outside a trading venue 
 
   DEALING NOTIFICATION FORM 
 
   FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR 
CLOSELY ASSOCIATED PERSONS 
 
 
 
 
1.  Details of the person discharging managerial responsibilities/person 
     closely associated 
a)  Name:                                                          Keith McKay 
2.  Reason for the notification 
a)  Position/status:                                               CFO 
b)  Initial notification/Amendment:                                Initial Notification 
3.  Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
a)  Name:                                                          Dalradian Resources Inc. 
b)  LEI:                                                           N/A 
4.  Details of the transaction(s): section to be repeated 
     for (i) each type of instrument; (ii) each type of 
     transaction; (iii) each date; and (iv) each place 
     where transactions have been conducted 
a)  Description of the financial instrument, type of instrument    Common Shares of no par value 
     Identification Code                                            ISIN: CA2354991002 
b)  Nature of the transaction                                      Maturing restricted share units 
c)  Price(s) and volume                                            300,000 restricted share units redeemed as common 
                                                                    shares for nil cost. 
d)  Aggregated information                                          N/A 
e)  Date of the transaction                                        29 December 2016 
f)  Place of the transaction                                       Outside a trading venue 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Dalradian Resources Inc. via Globenewswire 
 
 
  http://www.dalradian.com/ 
 

(END) Dow Jones Newswires

January 04, 2017 06:29 ET (11:29 GMT)

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